topic Re: Good News! 2017 Net Farm Income to Rise in Farm Businesshttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674485#M26532
<P>Maybe &nbsp;we &nbsp;could &nbsp;all &nbsp;get &nbsp;a 24 or 36 row &nbsp;planter and cut &nbsp;our &nbsp;trips &nbsp;across &nbsp;the &nbsp;field &nbsp;expense ? &nbsp;?</P>
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<P>Also, &nbsp;Mike &nbsp;keep &nbsp;the articles &nbsp;coming , I'm &nbsp;betting &nbsp;input &nbsp;costs &nbsp;recede ?&nbsp;</P>Thu, 31 Aug 2017 13:30:37 GMTk-2892017-08-31T13:30:37ZGood News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674416#M26526
<P><FONT color="#000000">Has the worm turned? Here's some good news from today's ERS Farm Income Forecast release. Take a look.</FONT></P>
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<P><STRONG><FONT color="#000000">Upturn in Farm Sector Profits Expected in 2017</FONT></STRONG></P>
<P><BR /><FONT color="#000000">After 3 consecutive years of decline, farm sector profits are forecast to increase in 2017.&nbsp;Net cash farm income for 2017 is forecast at $100.4 billion, up $11.2 billion (12.6 percent) from 2016. Net farm income, a broader measure of profits, is forecast at $63.4 billion, up $1.9 billion (3.1 percent) relative to 2016.&nbsp;The stronger forecast growth in net cash income is largely due to an additional $9.7 billion in cash receipts from the sale of crop inventories. The net cash farm income measure counts those sales as part of current-year income while the net farm income measure counted the value of those inventories as part of prior-year income. Despite the forecast upturn in these profit measures relative to 2016, levels would be below all other years since 2010 (net farm income) and since 2011 (net cash farm income).</FONT><BR /><FONT color="#000000">Cash receipts are forecast to rise $14.1 billion (4.0 percent) in 2017, led by a $13.6-billion (8.4 percent) increase in animal/animal product receipts. Dairy, poultry/egg, and hog receipts are up, reflecting expected increases in both price and quantity sold. Cattle/calf receipts are up, reflecting expected increases in the quantity sold. Overall, cash receipts for crops are forecast to remain mostly unchanged from 2016 as expected increases for some crops are offset by declines in others. Soybean, cotton, and vegetable/melon cash receipts are forecast to rise, while fruit/nut cash receipts are forecast to fall. Direct government payments are forecast to remain at just under $13.0 billion in 2017.</FONT><BR /><FONT color="#000000">The 2017 forecast for farm business average net cash farm income is up by 5.8 percent, with the largest increases for farms specializing in dairy (up 42 percent), hogs (up 38 percent) and cotton (up 31 percent). The only declines in average net cash income are for farms specializing in specialty crops (down 15 percent) and other livestock (less than 1 percent).</FONT><BR /><FONT color="#000000">After declining for 2 consecutive years, total production expenses are forecast up $4.6 billion (1.3 percent), led by increases in expenditures on interest, hired labor, and fuels/oil. Partially off-setting these increases are expected drops in feed and fertilizer/lime expenses.</FONT><BR /><FONT color="#000000">Farm asset values are forecast to increase by 4.0 percent in 2017, and farm debt is forecast to increase by 4.4 percent. Farm sector equity, the net measure of assets and debt, is forecast up by $101.8 billion (3.9 percent) in 2017. The increase in assets reflects a 4.6-percent rise in the value of farm real estate. The rise in farm debt is driven by higher real estate debt (up 7.5 percent).</FONT></P>
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<P><FONT color="#000000"><STRONG>Median Income of Farm Operator Households Expected To Remain Level in 2017</STRONG></FONT></P>
<P><BR /><FONT color="#000000">The total median income of U.S. farm households increased steadily over 2010-14, reaching an estimated $81,637 in 2014. Median household income, which fell 6 percent in 2015, is forecast to remain level at $76,831 in 2017. Median&nbsp;farm&nbsp;income&nbsp;earned by farm households in 2016 is estimated to be negative at -$940 and forecast to dip slightly (to -$1,325) in 2017. In recent years, slightly more than half of farm households have lost money on their farming operations each year. Most of these households earn positive off-farm income—and median&nbsp;off-farm&nbsp;income&nbsp;is forecast to increase 2.3 percent next year, from $66,468 in 2016 to $67,969 in 2017. (Because farm and off-farm income are not distributed identically for every farm, median total income will generally not equal the sum of median off-farm and median farm income.)</FONT></P>
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<P><FONT color="#000000">Mike</FONT></P>Wed, 30 Aug 2017 18:29:56 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674416#M26526marketeye2017-08-30T18:29:56ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674426#M26527
<P>The report sounds pretty good, on the average, until you start reading it. &nbsp;Then you find out that we grain farmers aren't going to do to well, on the average.</P>Wed, 30 Aug 2017 20:32:46 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674426#M26527JimMeade2017-08-30T20:32:46ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674472#M26530
What we get for the grain may be more, but so<BR />Was input cost. Then subtract the ever increasing<BR />Cost of living....we are WORSE off.<BR /><BR />Why can't you people understand that<BR />Thu, 31 Aug 2017 12:45:41 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674472#M26530elcheapo2017-08-31T12:45:41ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674478#M26531
<P>elcheapo, Mike is reporting the news. &nbsp;On this and the Marketing page, some posters write as if he is making the news and therefore to blame for it if they don't like it. &nbsp;Like what he reports is his fault. &nbsp;</P>
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<P>Do you think people actually are blaming the messenger? &nbsp;Why do people reply to a message by Mike "Why can't you people understand that?" &nbsp;</P>
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<P>Who is "you people"?</P>Thu, 31 Aug 2017 13:10:19 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674478#M26531JimMeade2017-08-31T13:10:19ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674485#M26532
<P>Maybe &nbsp;we &nbsp;could &nbsp;all &nbsp;get &nbsp;a 24 or 36 row &nbsp;planter and cut &nbsp;our &nbsp;trips &nbsp;across &nbsp;the &nbsp;field &nbsp;expense ? &nbsp;?</P>
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<P>Also, &nbsp;Mike &nbsp;keep &nbsp;the articles &nbsp;coming , I'm &nbsp;betting &nbsp;input &nbsp;costs &nbsp;recede ?&nbsp;</P>Thu, 31 Aug 2017 13:30:37 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674485#M26532k-2892017-08-31T13:30:37ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674524#M26536
<P><A href="https://farmpolicynews.illinois.edu/2017/08/2017-u-s-farm-income-forecast-updated/?utm_source=farmdoc+daily+and+Farm+Policy+News+Updates&amp;utm_campaign=14e3d6a6a9-FPN_RSS_EMAIL_CAMPAIGN&amp;utm_medium=email&amp;utm_term=0_2caf2f9764-14e3d6a6a9-173660077" target="_blank">https://farmpolicynews.illinois.edu/2017/08/2017-u-s-farm-income-forecast-updated/?utm_source=farmdoc+daily+and+Farm+Policy+News+Updates&amp;utm_campaign=14e3d6a6a9-FPN_RSS_EMAIL_CAMPAIGN&amp;utm_medium=email&amp;utm_term=0_2caf2f9764-14e3d6a6a9-173660077</A></P>
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<P>This article says about half of farms will lose money. &nbsp;It also says that median off-farm income (that means that half the off-farm income is higher and half lower - not an average) is&nbsp;<STRONG>$67,969. &nbsp;That is what is subsidizing the farms in many cases.</STRONG></P>
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<P>&nbsp;</P>Thu, 31 Aug 2017 18:04:56 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674524#M26536JimMeade2017-08-31T18:04:56ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674585#M26545
<P><FONT size="3">I wonder if some of this "rise" in farm income is like what happened to me a couple 3 years ago.&nbsp; It was my "worst best year", I saw what was coming and quit buying, many pieces of machinery had been rapid depreciated on sec 179, so I had a year with very little depreciation.&nbsp; Crop prices were down and I had machinery to make payments on, to make matters worse a huge income tax bill because about the only depreciation I had left was a old baler parked in the back of the shed&nbsp; <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://agriculture.i.lithium.com/i/smilies/16x16_smiley-happy.png" alt="Smiley Happy" title="Smiley Happy" /></FONT></P>
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<P><FONT size="3">But on paper it looked like I made a ton of money and the taxman thought I made a ton of money, but I was so broke I had to take out a loan to pay income taxes. &nbsp; Well, I`m slowly digging out from that, but I wouldn`t doubt that many are just entering what I went through. &nbsp; Some bought a machine with a loan and "roll" to a newer machine for tax advantages, well things are tight so they maybe quit doing that. &nbsp; well, they still have payments to make on the original note and no depreciation.&nbsp; So their income looks high, which is bad because of tax implications.</FONT></P>Fri, 01 Sep 2017 13:30:10 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674585#M26545BA Deere2017-09-01T13:30:10ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674628#M26547
I don't know<BR />.....<BR /><BR />Maybe it's you Jim ????????Fri, 01 Sep 2017 17:48:38 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674628#M26547elcheapo2017-09-01T17:48:38ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674645#M26548
<P>"<SPAN>I don't know</SPAN><BR /><SPAN>.....</SPAN><BR /><BR /><SPAN>Maybe it's you Jim ????????"</SPAN></P>
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<P><SPAN>You're blaming me? &nbsp;That I should have so much power! &nbsp;<img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://agriculture.i.lithium.com/i/smilies/16x16_smiley-happy.png" alt="Smiley Happy" title="Smiley Happy" /></SPAN></P>Fri, 01 Sep 2017 19:26:22 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674645#M26548JimMeade2017-09-01T19:26:22ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674652#M26549
You made your money, BA, you just didn't match the income with expenses. It's not an accounting problem, but one of perception. I'll bet in the years you used 179 deductions, you hid a ton of profits. It was not evenly matched against each side if the ledger.Fri, 01 Sep 2017 20:42:55 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674652#M26549smokeyjay2017-09-01T20:42:55ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674653#M26550
I also would bet you used your tax reduced cash for other purposes other than paying off that debt of new machinery. Happens all the time.Fri, 01 Sep 2017 20:45:17 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674653#M26550smokeyjay2017-09-01T20:45:17ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674666#M26551
<P><FONT size="3">Smokey, I do not think much of the sec 179 deduction, because in a way my first bad year was 2013, I found the "dead canary in the mine shaft" that year if you will and quit buying and that kind of saved my hide or I may`ve dug a hole so deep I`d never been able to crawl out.</FONT></P>
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<P><FONT size="3">Oh I know some will argue "sec 179 is just a tool...don`t borrow money to buy deductions" and I get that, however those that talk that way are already independently wealthy and just dip into their personal stash for a deduction when needed....it`s not for the poor trying to build their stash, I`ll tell you that.</FONT></P>
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<P><FONT size="3">But my point in relaying the story in this thread is after most of us "farming for practice the last 3 years, a lot of these chickens will be coming home to roost. &nbsp; Farmers too broke to keep "buying deductions" while still making payments on their past sins.....with "after tax dollars" just to rub some salt on things.</FONT></P>Fri, 01 Sep 2017 23:38:55 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674666#M26551BA Deere2017-09-01T23:38:55ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674667#M26552
<P>M A G A &nbsp;might be keeping one nostril above the white caps - in farm country ---</P>Fri, 01 Sep 2017 23:42:11 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674667#M26552k-2892017-09-01T23:42:11ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674671#M26554
<P><FONT size="3">Well, if there`s any "blame" to go around, it`s all on me, no one forced me to buy anything, in the 2010`s you had to hunt down a salesman and beg him to sell you something.&nbsp; But if we want to blame presidents, the Make America Weak Again&nbsp; "MAWA" president was actually in his second term when things started going south.</FONT></P>Fri, 01 Sep 2017 23:54:09 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674671#M26554BA Deere2017-09-01T23:54:09ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674681#M26556
<P>I appreciate that comment BA.</P>
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<P>After all as Smokey points out it is a choice and tough years are bad no matter how you deal with the issue..... You either pay taxes or pay for overpriced equipment with cheap grain............ it hurts either way...</P>
<P>I just wish congress didn't make taxes look so stupid. &nbsp;<img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://agriculture.i.lithium.com/i/smilies/16x16_smiley-happy.png" alt="Smiley Happy" title="Smiley Happy" /></P>
<P>And equipment was worth what it costs.</P>
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<P>&nbsp;</P>Sat, 02 Sep 2017 03:30:59 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674681#M26556sw3635352017-09-02T03:30:59ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674684#M26558
<P><FONT size="3">Hey SW, life is about having fun and the challenges of weather and markets are all part of it.&nbsp; I had fun during the awesome 5 years when any idiot could make money farming and now when the men are separated from the boys, things are tough, but we have to be tougher.&nbsp; We may never have another golden era in farming in our lifetimes or ever, but "on the 8th day, God made a farmer" and this is what we love.&nbsp; <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://agriculture.i.lithium.com/i/smilies/16x16_smiley-happy.png" alt="Smiley Happy" title="Smiley Happy" /></FONT></P>Sat, 02 Sep 2017 03:58:35 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674684#M26558BA Deere2017-09-02T03:58:35ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674696#M26559
<P>Occasionally I keep pretty good records and we talk about that golden era when any idiot could make money farming.....</P>
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<P>Yesterday I remembered a bean yield from a farm that stuck in my head being pretty good crop, my son remembered it as 2012 when the drought yield got hammered to 20 bpa. &nbsp;We often miscommunicate.........&nbsp;</P>
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<P>I went looking at the records..............a move that will be interpreted as putting him down. &nbsp; &nbsp;----&nbsp;</P>
<P>The year I remembered was 2004</P>
<P>Beans were 36 bpa and never got any irrigation help. &nbsp;Wheat was 70, &nbsp;And the corn which got most of the irrigation was 237 bpa</P>
<P>the beans were gravy.</P>
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<P>we sold the corn that year for $2.80. &nbsp; &nbsp;The net return (after all expenses including rent) on that corn field was $245 per acre</P>
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<P>That is how low the expenses were &nbsp;only 13 years ago...... that is my golden era...... 2003-2008 &nbsp;when you could afford to farm.</P>
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<P>It is hard to love it when the $3.40 price is not enough.</P>Sat, 02 Sep 2017 12:26:38 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674696#M26559sw3635352017-09-02T12:26:38ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674731#M26560
<P>BA - Remember &nbsp;M A G A &nbsp;came from &nbsp;R.Reagan &nbsp;- fact check for the record , and on the 8th day several professions were created, I am humbly reminded of when the Dodge commercial comes on by my retired nurse- spouse---</P>
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<P>Those Sunday afternoon parades seem to get shorter and shorter ---&nbsp;</P>Sat, 02 Sep 2017 15:53:10 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674731#M26560k-2892017-09-02T15:53:10ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674748#M26565
BA, Obama actually presided over the recovery of the 2007 recession.Sat, 02 Sep 2017 17:16:25 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674748#M26565smokeyjay2017-09-02T17:16:25ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674751#M26566
<P><FONT size="3">0% interest rates, $80 billion a month in quantitative easing ....give me $1 Trillion a year and I`ll show you a good time too.&nbsp; But that`s just it, it was the weakest recovery in history, it did prop up the stock market though.&nbsp; When Obama started the national debt was $10 Trillion, when he threw the keys to Trump, it was $20 Trillion.&nbsp;</FONT></P>
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<P><FONT size="3"><IMG title="image.pnghttp___static.blog4ever.com_2011_11_554516_big_artfichier_554516_4446378_201501101609546.jpg" alt="image.pnghttp___static.blog4ever.com_2011_11_554516_big_artfichier_554516_4446378_201501101609546.jpg" src="https://agriculture.i.lithium.com/t5/image/serverpage/image-id/13644i0BF9C9D3F0B0B55E/image-size/original?v=1.0&amp;px=-1" border="0" /></FONT></P>Sat, 02 Sep 2017 17:33:10 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674751#M26566BA Deere2017-09-02T17:33:10ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674794#M26568
As a percentage of GDP, it is less than it was in the Bush years. Meaning, the economy has grown significantly since 2007.Sun, 03 Sep 2017 02:36:28 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674794#M26568smokeyjay2017-09-03T02:36:28ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674796#M26569
<P><FONT size="3">Actually, Obama blew through 100% of national debt to GDP (and feel free to research it other places too). &nbsp; Basically things are so bad (because of free trade IMO) that in this increasingly service based economy, the government has to spend $1 to get $1 in growth.&nbsp; No sane person would want this job, however one day the Commander in Chief is going to have to go to our creditors, including Aunt Emma and her T-Bills and convince them to take a "haircut".</FONT></P>
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<P><FONT size="3"><A href="https://tradingeconomics.com/united-states/government-debt-to-gdp" target="_blank">https://tradingeconomics.com/united-states/government-debt-to-gdp</A> &nbsp;</FONT></P>
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<P><FONT size="3"><IMG title="image.pnghttps___d3fy651gv2fhd3.cloudfront.net_charts_united-states-government-debt-to-gdp@2x.png_s=usadebt2gdp&amp;v=201707200904v" alt="image.pnghttps___d3fy651gv2fhd3.cloudfront.net_charts_united-states-government-debt-to-gdp@2x.png_s=usadebt2gdp&amp;v=201707200904v" src="https://agriculture.i.lithium.com/t5/image/serverpage/image-id/13645i944EFA9E4D22CD54/image-size/original?v=1.0&amp;px=-1" border="0" /></FONT></P>
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<P>&nbsp;</P>Sun, 03 Sep 2017 03:04:19 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674796#M26569BA Deere2017-09-03T03:04:19ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674797#M26570
<P><STRONG>just what does bashing a former president have to do with the subject of the thread ?</STRONG></P>
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<P><STRONG>my god man, you need help, that's all you can talk about.</STRONG></P>
<P>&nbsp;</P>Sun, 03 Sep 2017 04:31:41 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674797#M26570elcheapo2017-09-03T04:31:41ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674802#M26571
I gotta call you on that cheapo. Read back to see who brought presidents to this thread. And you do a bit of "presidential bashing on here yourselfSun, 03 Sep 2017 12:23:11 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674802#M26571clayton582017-09-03T12:23:11ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674803#M26572
<P><FONT size="3">Elcheapo, you`re going through a lot of issues and I haven`t walked a mile in your moccasins, you probably are a pretty good guy.&nbsp; But, if you have a problem with what I say, please put the ignore button on me or don`t read what I have to say. &nbsp; My intent is to first entertain, then inform and then to provoke thought, not everyone is into that and to those, just ignore me.</FONT></P>Sun, 03 Sep 2017 12:37:14 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674803#M26572BA Deere2017-09-03T12:37:14ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674805#M26573
<P>come on cheapo..... The president had very little to do with it.... they are just cold hard facts.....&nbsp;</P>
<P>Both Bush and "cheapo's favorite" were just in place at the time.</P>
<P>At best Obama was the feel good president at a time when it was a bad time to be president and it has been a bad time to be president since the 1990's.</P>
<P>Our economy has been deteriating since &nbsp;we bought in to "<SPAN> the shift from the industrial growth society to a life-sustaining civilization".</SPAN></P>
<P><SPAN>Whenever we fell for that slogan..... which actually meant The worlds rich&nbsp;can borrow and must&nbsp;pay to&nbsp;build the worlds economy at the expense of&nbsp;the US economy. &nbsp;</SPAN></P>
<P><SPAN>It has been nothing but a taking of industry from the haves and placing it with the have nots. &nbsp;Which of course centers around&nbsp;the worlds only communist society of any power left in the world. &nbsp;Contemporary Anarchism with a green and sexual spin...</SPAN></P>
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<P><SPAN>Statistics &nbsp;---- I would like to see a comparison between the transfer of manufacturing&nbsp;and economic strength from Europe to the US in WW2 to the transfer of economic strength and manufacturing since 1990 from the US to China.</SPAN></P>
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<P>&nbsp;</P>Sun, 03 Sep 2017 12:41:22 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674805#M26573sw3635352017-09-03T12:41:22ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674812#M26575
<P><FONT size="3">That`s a very good point SW.&nbsp; The US was the economic winner of WWII, our country`s infrastructure was still intact and after the war a lot of pent up demand. &nbsp; And the new technologies at the time came about from having to fight a war and women in the workforce and such.&nbsp; And we were generous rebuilding Japan and Germany, don`t know probably Italy too.</FONT></P>
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<P><FONT size="3">However, +30yrs ago we started giving it all away, Americans decided there were jobs that "we won`t do" so send the factories to China, gotta take down the trade barriers for that. And we don`t want to sheetrock houses and work in packing plants, so bring in people from other countries that will work for 1/3 the wages.&nbsp; Well, predictably the chickens have come home to roost after 30 years of that crap.&nbsp;</FONT></P>Sun, 03 Sep 2017 13:04:17 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674812#M26575BA Deere2017-09-03T13:04:17ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674854#M26578
<P>You forget it was Congress that passed the bill.&nbsp; Obama signed it.&nbsp; It was not simply throwing money at a problem, but it was targeted.&nbsp; Dodd-Frank targeted unscrupulous predatory lending practices, requiring truth in lending laws,&nbsp;increasing transparency in lending policies, &nbsp;limiting maximum interest rates on so-called "payday loans", requiring more due diligence in vetting credit worthy applicants, requiring more equity in loans and in the banks that issued them, setting guidelines regarding credit default swaps.&nbsp; Did you know lenders&nbsp;did not have to have any reserves set aside&nbsp;to cover their risk on these swaps?&nbsp; This is what brought the house down and began the recession. &nbsp;Had this law been in effect prior to the meltdown, the meltdown would not have happened.</P>Mon, 04 Sep 2017 13:18:39 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674854#M26578smokeyjay2017-09-04T13:18:39ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674861#M26579
<P>Back in the day, I had taken out several credit card accounts to help pay for medical expenses.&nbsp; One was a Capital One card.&nbsp; Once I began using it, they began fooling with the due date, changing it every month or so.&nbsp; That way, if I was in default by not making the due date, they could charge higher interest rates.&nbsp; They also changed the terms once approved.&nbsp; My rate rose from zero to nine percent, then later to 16 percent, even though I paid on time.&nbsp; Then, they also changed the default interest rate to a much higher number than on the original policy, over 30 percent.&nbsp; Then they&nbsp;changed the due date every month, making it earlier and earlier, until the due date&nbsp;was less than two weeks into the month.&nbsp; They&nbsp;also changed it in between statements, with&nbsp;snail mail notifications, hoping you would not find it among the junk mail.&nbsp; I once got the notice on the day it was now&nbsp;due, but did not open it immediately&nbsp;until later that week.&nbsp; Hit with a late charge and&nbsp;default interest rate hike.&nbsp; This kind of predatory practice is what Dodd-Frank addressed as well.&nbsp;</P>Mon, 04 Sep 2017 13:32:50 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674861#M26579smokeyjay2017-09-04T13:32:50ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674865#M26581
<P><FONT size="3">Smokey, I`m talking about the 0% fed funds rate, which the government borrows money from the federal reserve so all those entitlement checks get out on time. &nbsp; That is the interest on the national debt, if Obama had been paying a more historical 5% on $15 trillion, what would the deficit been?</FONT></P>
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<P><FONT size="3">Looky what happened in 2009, carrying on through out the entire 8 years of Obama.</FONT></P>
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<P><FONT size="3"><IMG title="image.pnghttps___cdn.gobankingrates.com_wp-content_uploads_2016_04_170223_GBR_SavingsAccountRate_1920x1080-1024x576.jpg" alt="image.pnghttps___cdn.gobankingrates.com_wp-content_uploads_2016_04_170223_GBR_SavingsAccountRate_1920x1080-1024x576.jpg" src="https://agriculture.i.lithium.com/t5/image/serverpage/image-id/13647i84B68984D095E6E6/image-size/original?v=1.0&amp;px=-1" border="0" /></FONT></P>Mon, 04 Sep 2017 13:43:07 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674865#M26581BA Deere2017-09-04T13:43:07ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674867#M26582
<P>Again, it is more than Obama's responsibility.&nbsp; Congress authorized these operations, the Fed carried them out.&nbsp; The fed operates apolitically, apart from who is the chief.&nbsp; Blame whomever you will.&nbsp; It changes nothing.&nbsp; This is still the result of unscrupulous players in the financial markets, tied to the default swap fiasco that set the real estate home mortgage markets up for failure.&nbsp; Perilous times called for radical measures to keep the economy from crashing for good.&nbsp; Though I do not agree with the Bush era/Obama era approach that banks were too big to fail, the reasons to act were in the best interests of the country.</P>Mon, 04 Sep 2017 14:02:20 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674867#M26582smokeyjay2017-09-04T14:02:20ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674871#M26583
<P><FONT size="3">Congress spends the money, though the POTUS sets the agenda, what we had in the last administration was a lap dog press and a federal reserve dedicated to making a thin resume president "successful".&nbsp; He was no "economic genius", he had both houses of congress his first 2 years, the last 6 his party controlled the senate and with all that political capital, the loyal opposition was neutered.</FONT></P>
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<P><FONT size="3">Here`s the problem Smokey, for 8 years money public and privately was borrowed under the façade of low or no interest rates. &nbsp; That isn`t always going to be the case, at some point the hatred of the current POTUS or the fed will lose control and rates will go up. &nbsp; And that will be on a massive amount of debt mostly accumulated during the 2009-2016 time period. &nbsp; It was damned expensive to artificially prop up the economy during that time, more debt was generated during those 8 years than in the 230+ years of US history prior.&nbsp;</FONT></P>
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<P><FONT size="3">The current POTUS believes we can grow out of it, I doubt it but God Bless him for trying, we certainly don`t need a hostile media news/entertainment industry looking to push him into the subway tracks at every opportunity. &nbsp; If the same advantages were given this POTUS as the previous, I believe we`d stand half a chance of turning things around, but if they're going to knee cap him right out of the starting block....stock up on canned goods and .22 shells.</FONT></P>Mon, 04 Sep 2017 14:33:46 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674871#M26583BA Deere2017-09-04T14:33:46ZRe: Good News! 2017 Net Farm Income to Risehttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674984#M26593
<P>BA &nbsp;- &nbsp;entitlement &nbsp;checks - &nbsp;&amp; &nbsp;anyone borrowing &nbsp;$$$ &nbsp;- &nbsp;Look at Japan's &nbsp;fed &nbsp;rate &nbsp;- minus 0.10 % ---</P>
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<P>J Deere offering &nbsp;0.o % interest on items &nbsp;and if I was a betting man there will be more of it. Major corporations also got in on 0% also the last 9 years , tell me if I'm mistake'n --- &nbsp; &nbsp;&nbsp;</P>Tue, 05 Sep 2017 22:16:22 GMThttps://community.agriculture.com/t5/Farm-Business/Good-News-2017-Net-Farm-Income-to-Rise/m-p/674984#M26593k-2892017-09-05T22:16:22Z